Is 55013, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55013 has remained a Seller's Market.
Key Takeaway
55013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55013, MN
How much do homes in 55013, MN cost?
Median Sold Price
$427,450
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 55013 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 55013 was $427,450 in March 2024, up 0.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $322.5K | +15.2% |
| 2 Bedrooms | $307.5K | $355K | +15.4% |
| 3 Bedrooms | $442.4K | $400K | -9.6% |
| 4 Bedrooms | $529.5K | $455K | -14.1% |
| 5+ Bedrooms | $470K | $486K | +3.4% |
Summary: 55013 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 55013, MN
How many homes are available in 55013, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The 55013 real estate market had 21 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55013 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55013, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55013 in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55013, MN
How long does it take to sell a home in 55013, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +11.3% |
Summary: Homes in 55013 had an average of 23 days on market in Mar 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55013 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 55013; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
